|Bid||0.00 x 1443300|
|Ask||0.00 x 3000000|
|Day's Range||25.30 - 25.72|
|52 Week Range||19.71 - 27.95|
|PE Ratio (TTM)||55.15|
|Dividend & Yield||0.30 (1.48%)|
|1y Target Est||N/A|
Fortescue Metals Group (FMG.AU) is one of the top performers in Australia's S&P/ASX200 Index on Monday after the miner doubled its its full-year profit and final dividend. The world's fourth largest producer of iron ore reported a net profit of $2.09 billion compared to $985 million last year thanks to a rebound in the price of the steel making ingredient. The Perth-based company will pay a final dividend of 25 Australian cents a share, up from 12 Australian cents at the same time last year.
BHP Billiton (BHP.AU) (BHP) is set to report its full-year earnings this week and activist shareholders will be hoping the world's largest miner will push ahead with some of the changes they have been demanding. Bloomberg has a taken a closer look at the issues confronting BHP Billiton as Elliott Management, which has a 5% in the London-listed shares, pushes for the divestment of its U.S. petroleum business and a focus on increasing shareholder returns: BHP Billiton Ltd.’s truce with activist investors led by billionaire Paul Singer won’t last long if the world’s biggest mining company doesn’t pump up returns and deliver on strategic reform in the wake of its expected bumper profit report this week. The naming in June of BHP’s youngest director Ken MacKenzie, 53, as chairman from next month has helped soothe disgruntled shareholders including Singer’s Elliott Management Corp., while continued demand growth in China for iron ore to coal is boosting prices, swelling earnings’ forecasts and raising expectations for higher payouts.
BHP Billiton Ltd.’s truce with activist investors led by billionaire Paul Singer won’t last long if the world’s biggest mining company doesn’t pump up returns and deliver on strategic reform in the wake ...